Phoenix-based Visionary Health LLC has agreed to $30 million in financing from a Birmingham-based real estate investment trust to construct Florence Hospital at Anthem.
The 36-bed Florence hospital is expected to be treating patients late in 2011/early 2012. The full-service, acute-care general hospital will open with emergency, multi-purpose and correctional beds. It will have surgical and intensive care services with physicians specializing in emergency room, cardiac, orthopedic, pulmonary and podiatric medicine.
Florence Hospital at Anthem will provide a full range of diagnostic care including digital X-ray, CT scan, MRI, ultrasound, ECHO ultrasound and nuclear medicine.
The financing was announced by Medical Properties Trust, Inc., and Visionary Health will start making lease payments to MPT when Florence Hospital @ Anthem begins treating patients.
“We are extremely pleased to form a relationship with MPT that begins with this funding,” said Gilbert Hospital CEO David Wanger. “We are already working on the next funding and are looking forward to a long and mutually rewarding relationship with them.”
About Vision Visionary Health LLC
Visionary Health LLC is a hospital management company based in the Phoenix area. It provides management services for two general, acute-care hospitals with plans to expand. The company capitalizes on taking advantage of economies of scale and uses a strong operating philosophy that clinicians govern the entire patient-care experience.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Ala.-based self-advised real estate investment trust formed to capitalize on the changing trends in health-care delivery by acquiring and developing net-leased health-care facilities. These facilities include inpatient rehabilitation hospitals, long-term acute-care hospitals, regional acute-care hospitals, ambulatory surgery centers and other single-discipline health-care facilities, such as heart hospitals and orthopedic hospitals.